SpaceX's Market Cap Quickly Leapfrogged This AI Giant Before Crashing. Here's Which One I'd Buy Today.

Space Exploration Technologies (NASDAQ: SPCX) has rapidly go the astir talked-about banal connected the marketplace aft its gargantuan IPO. For a little infinitesimal successful the days aft its debut, its marketplace headdress soared supra Amazon's (NASDAQ: AMZN).

A spot of these gains person been fixed up, with SpaceX present trading astatine a marketplace headdress of astir $2 trillion arsenic of this penning aft the adjacent connected June 23. However, determination is inactive intelligibly utmost optimism astir SpaceX and its ambitions to predominate the outer net and artificial quality (AI) markets, with an addressable marketplace projection successful the trillions.

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At akin prices, which banal is the amended buy: SpaceX, the newcomer, oregon Amazon? The reply is wide erstwhile you get past the headlines.

Revenue and net size

There is nary comparing SpaceX and Amazon financially close now. In 2025, SpaceX generated $18.7 cardinal successful gross and reported a $2.6 cardinal nonaccomplishment from operations. In that aforesaid year, Amazon's gross was $717 cardinal with operating income of $80 billion.

Amazon's concern is importantly much mature than SpaceX's, with a sprawling logistics empire and e-commerce level spanning the globe, on with a unreality computing division, Amazon Web Services (AWS), that leads its tract with $129 cardinal successful revenue.

SpaceX is increasing faster connected a percent basis, with 33% gross maturation compared to 12% astatine Amazon past year. However, erstwhile you comparison the $638 cardinal successful gross Amazon generated successful 2024 to the $717 cardinal it generated past year, the institution grew gross by astir 4 times the full size of SpaceX's concern successful a azygous year. This should exemplify the antithetic fiscal scales connected which these 2 businesses operate.

Closer marketplace imaginable

Looking to the future, some SpaceX and Amazon are pursuing akin markets, speech from Amazon's mature e-commerce empire. Amazon is not trying to straight vie with SpaceX successful rocket launches, but that is not a immense market, with SpaceX holding ascendant marketplace stock contiguous and generating lone $4 cardinal successful gross from its abstraction conception past year.

The 2 companies overlap successful outer net and AI information halfway services. SpaceX's Starlink net work generated $11.4 cardinal successful gross past year, up 50% twelvemonth implicit year. The institution estimates an addressable marketplace of implicit $1 trillion crossed the broadband and mobile net sectors, which it aims to disrupt. Amazon is an up-and-coming rival to Starlink, investing billions successful a outer constellation it calls Amazon Leo, which should beryllium afloat operational wrong a fewer years. SpaceX remains acold successful the lead, though.